EU to Pursue Tax Overhaul if OECD Global Tax Rewrite Fails

The EU may try to harmonize corporate tax collection under a single set of rules if OECD-led talks to rewrite global tax rules fail, the bloc’s tax commissioner said.

The Organization for Economic Cooperation and Development is trying to get nearly 140 countries to agree on a plan to overhaul how the digital economy is taxed. The effort seeks to address concerns that multinationals, particularly tech giants, aren’t paying enough tax in the countries where they have users or consumers.

“If global consensus cannot be reached, the EU will be forced to act alone. Our systems are too outdated, and ...